Insurance Newsletter - October 10 to 14, 2016

India Infoline News Service | Mumbai | October 14, 2016 18:27 IST

This week Universal Sompo General Insurance appointed Rajiv Kumar as Managing Director and CEO. IIFL presents a weekly snapshot of all the major happenings in the Insurance industry, nationally and internationally.

Domestic News
 
JLT Independent acquires Vantage Insurance Brokers
JLT Independent Insurance Brokers Pvt. Ltd. announced that it has acquired Vantage Insurance Brokers & Risk Advisor Pvt Ltd’s employee benefits insurance brokerage portfolio in India. Vantage operates one of India’s largest employee benefits insurance portfolios with services that include insurance broking, health risk advisory and benefits consulting. JLT Independent is the Specialty joint venture between Jardine Lloyd Thompson Group plc (JLT) and Sunidhi Group, a leading Indian financial services group with over 80 branches across India. Read More
 
Universal Sompo General Insurance elevates Rajiv Kumar as Managing Director and CEO
Universal Sompo General Insurance Co. Ltd. announced that Rajiv Kumar has been appointed as its Managing Director & CEO effective October 6, 2016. Universal Sompo General Insurance Company is India’s first Public-Private non-life general insurance company. The company is a joint venture of Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments Corporation and Sompo Japan Nipponkoa Insurance.
 
Rajiv will be responsible for the overall business operations of Universal Sompo General Insurance and will strive towards deepening & strengthening the market share and introduce innovative risk solutions across Retail and Corporate offerings. As on March 31, 2016, Universal Sompo has 113 branches and employs an army of 872 employees across India.  
Read More
 
Aegon Life Insurance relaunches ‘iTerm’ an online protection plan
Identifying the staggering 92% underinsurance in India and aligned with the central government’s Digital India movement,Aegon Life Insurance, the pioneer in online insurance – today announced the relaunch of its flagship product ‘iTerm’ with advanced features. Read More
 

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